Americana Partners LLC Acquires 1,104 Shares of Paycom Software, Inc. (NYSE:PAYC)

Americana Partners LLC raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 51.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,230 shares of the software maker’s stock after buying an additional 1,104 shares during the quarter. Americana Partners LLC’s holdings in Paycom Software were worth $538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Paycom Software by 29.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock valued at $12,848,000 after purchasing an additional 14,670 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Paycom Software by 17.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 59,242 shares of the software maker’s stock valued at $11,790,000 after purchasing an additional 8,927 shares in the last quarter. Sylebra Capital LLC acquired a new stake in shares of Paycom Software in the 1st quarter valued at $253,196,000. Profund Advisors LLC acquired a new stake in shares of Paycom Software in the 2nd quarter valued at $589,000. Finally, BOKF NA boosted its stake in shares of Paycom Software by 453.0% in the 1st quarter. BOKF NA now owns 9,219 shares of the software maker’s stock valued at $1,828,000 after purchasing an additional 7,552 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Activity

In other news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares of the company’s stock, valued at $2,327,889.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares of the company’s stock, valued at $2,327,889.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $172.43, for a total value of $336,238.50. Following the completion of the sale, the chief executive officer now directly owns 2,750,910 shares of the company’s stock, valued at approximately $474,339,411.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,906 shares of company stock valued at $11,731,540 in the last ninety days. 14.50% of the stock is owned by insiders.

Paycom Software Trading Up 0.8 %

Paycom Software stock opened at $210.65 on Friday. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $222.30. The company has a market cap of $12.10 billion, a PE ratio of 25.35, a PEG ratio of 2.45 and a beta of 1.17. The company’s 50-day moving average is $167.57 and its two-hundred day moving average is $163.35.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 25.78% and a return on equity of 33.34%. The company had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. Research analysts forecast that Paycom Software, Inc. will post 6.64 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be paid a $0.375 dividend. The ex-dividend date is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.71%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research note on Thursday. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Jefferies Financial Group upped their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Finally, Citigroup upped their price target on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research report on Thursday. Thirteen analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Paycom Software has an average rating of “Hold” and an average target price of $190.80.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.